Growth Capital • Energy Services and Equipment

EV Private Equity Invests In Workover Solutions

On October 4, 2017, private equity firm EV Private Equity invested in energy services and equipment company Workover Solutions

Investment Context
  • This is EV Private Equity’s 25th transaction in the Energy Services and Equipment sector.
  • This is EV Private Equity’s 11th transaction in the United States.
  • This is EV Private Equity’s 1st transaction in Pennsylvania.

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Investment Summary

Date October 4, 2017
Target Workover Solutions
Sector Energy Services and Equipment
Investor(s) EV Private Equity
Deal Type Growth Capital

Target Company

Workover Solutions

Imperial, Pennsylvania, United States
Workover Solutions (WOS) is a provider of thru-tubing tools, service, and personnel for the completion, workover, and gas storage markets. Workover Solutions is based in Imperial, Pennsylvania.
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Investor Overview 1

Investor

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


Deal Context for Investor #
Overall 42 of 48
Sector: Energy Services and Equipment 25 of 28
Type: Growth Capital 9 of 13
State: Pennsylvania 1 of 1
Country: United States 11 of 13
Year: 2017 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Evolution Engineering

Calgary, Alberta, Canada

Evolution Engineering is a provider of products and engineering services to the measurement while drilling market. Building upon its patented and proven Unified Telemetry platform, Evolution delivers purpose-built MWD products that exceed today’s drilling requirements for performance and reliability. Evolution Engineering was founded in 2011 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Ashmin

Conroe, Texas, United States

Ashmin develop reliable, innovative Downhole Drilling and Workover Tools for the oil and gas industry. Company projects include multi-year R&D programs, design and sustaining engineering, licensing and patenting, manufacturing, testing, product verification, tool sales, and repair and maintenance.

Buy -